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At the end of 2017, Cullumber Company has accounts receivable of $890,200and an allowance for doubtful accounts of $45,700. On January 16, 2018, Cullumber Company
At the end of 2017, Cullumber Company has accounts receivable of $890,200and an allowance for doubtful accounts of $45,700. On January 16, 2018, Cullumber Company determined that its receivable from Ramirez Company of $7,620will not be collected, and management authorized its write-off.
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